THE CHILD WITH AN EARLY KNOWLEDGE IS ALWAYS BETTER OFF

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Crypto and forex trading are vast and complex subjects. Many of us have been exploring them for a long time now and still haven’t fully grasped the concepts. We tend to make repeated bad calls, and this has only made us poorer rather than rich as we hoped. I have known about crypto trading since late 2019, but haven’t really studied it in depth. Over the past few years, I have mostly relied on my gut and sometimes followed the signals from some big names in the industry, which was profitable at first but cost me almost everything later on.

To trade in the crypto market, one must understand the concepts involved, the difference between spot trading and futures trading, the types of wallets available, how to navigate them, and what information is necessary to secure it for security and in case of loss in the future. I currently have a wallet with about 0.42 Eth in it, but for some reason, the 12-word phrase I had was not the correct security for my wallet, which was how I lost access to it. To date, I am unable to remember the correct phrase or access my crypto wallet.

It would be a good development if children were introduced to crypto and forex trading earlier in school, giving them an understanding of what cryptocurrency is, how it is built, its functions and uses, and its application in the growing economy, but without teaching them how to make money from it. In my culture, it is said that children who are introduced to money earlier in life make their lives useless. I may not agree with this saying, but I have seen many examples that have proved it right. One can also say that the training and upbringing of those children was the cause of how they turned out, rather than the influence of money in their lives.

The futures trading of the crypto and forex market is more complicated in comparison to the spot trading of the m both, while you buy low prices and sell at high prices in the spot market to make a profit, you long and short prices in the futures market to make a profit, teaching these children this at an earlier age will prepare them better for their future so that they will not be left behind like some of us, if I was taught as a kid about the cryptocurrency trading and had a better understanding to what it is and its concepts and basic information before I started trading in the crypto market, I would have been a richer than what I am today, not having the information earlier and rightly has only created a bad effect and nothing good from it.

It is from our experience that we learn, and we train to correct our mistakes and misfortunes by preventing the ones that come after us from making the same mistakes, it will only of their good interest if they are taught earlier about the crypto and forex trading to prepare them early and make a better trader out of them, comparing countries that engage their little ones at an early stage, teaching them crafts and other technological skills with one that only teach them basic school curriculum, which of these kids do you think will perform better in future?

Thank you for reading. My name is@rishagamo, and this is my response to the Hive Learners weekly Featured Content Week 202 Episode 01: “CRYPTO AND FOREX”.